Growth and Inflationary Pressures in the German Economy
The report notes that high energy prices, rising financing costs and global uncertainties are limiting economic activity.
Economy — Page 3
Economy Economy GlobalFoundries to Open Two New Chip Factories in the US with $21 Billion in Japanese Investment
US semiconductor manufacturer GlobalFoundries plans to build two new chip factories in New York State. The project is expected to be financed through up to $21 billion in…
Economy Kroger to cut 3,000 corporate jobs as it ramps up use of AI
Kroger, the largest independent supermarket chain in the U.S., has announced that it will lay off 3,000 corporate employees over the next three years as it increases its use of…
Economy IMF Calls on Wealthy Countries to Reduce Global Debt Burden
International Monetary Fund (IMF) Managing Director Kristalina Georgieva has urged the United States and other wealthy countries to bring rising public debt under control. She…
Economy The Value of Russia’s Energy Exports to Europe Has Been Revealed
According to Russian Deputy Prime Minister Aleksandr Novak, Russia has exported a total of $320.7 billion worth of energy resources to the European Union since 2022.
Economy Trade Turnover Between Russia and China Reaches $214.3 Billion
Trade turnover between the two countries increased by 30.6% year-on-year in January–September.
Economy Bank of America Fined $1.2 Billion for Anti-Money Laundering Failures
Bank of America, the second-largest bank in the United States, has been fined $1.2 billion for serious shortcomings in its anti-money laundering controls and the reporting of…
Economy The Euro Has Fallen to Its Lowest Level in Recent Months
France’s financial problems, early elections in Spain and Italy’s debt burden are increasing economic concerns in the Eurozone and affecting global markets.
Economy The Dollar Strengthens Its Position in Global Markets
The dollar index, which measures the US dollar’s value against the euro, Swiss franc, Japanese yen, Canadian dollar, British pound and Swedish krona, rose to 102.6, reaching its…
Economy More Than 560 Million People in Africa Lack Access to Electricity
Although Africa possesses abundant oil and natural gas reserves, as well as critical minerals essential to the global energy transition, hundreds of millions of people across the…
Economy Russia’s Foreign Trade Turnover Reaches $505.5 Billion!
According to data released by the Russian Federal Customs Service (FTS), the country’s foreign trade turnover increased by 13.75% year-on-year to $505.5 billion in January–August.
Economy New Restrictions on Chinese Cars in the European Market
The European Union (EU) is preparing to introduce an annual quota of 350,000 hybrid vehicle imports to ease trade tensions and protect its domestic automotive industry.